FBND ETF — Fidelity Total Bond ETF

Fidelity Total Bond ETF (FBND)

Updated October 2, 2026.

FBND is an ETF linked to Actively managed diversified U.S. taxable bond portfolio. its distribution rate is 4.60%, its trailing-12-month yield is 4.88%, its expense ratio is 0.36%. Dividend Vision Distribution Safety Score™ is 96/100 (Safe). Total return is 30.0% over the past 12 years, 357.3 points behind SPY at 387.3%.

At the current 4.60% distribution rate, a $10,000 investment would generate approximately $460 per year, or $38.33 per month.

Fidelity Total Bond ETF is an actively managed fund that provides diversified exposure to U.S. taxable bonds across investment-grade, high-yield, and emerging market debt securities, with up to 20% allocated to lower-quality debt. The fund distributes income monthly at a current high distribution rate, and carries an expense ratio of 0.36%. It appeals to income-focused investors seeking broad bond market exposure with professional active management.

FBND performance versus SPY

Price and return data through 2026-10-02.

Total return is 30.0% over the past 12 years, 357.3 points behind SPY at 387.3%. Over the past year its total return — price change plus distributions reinvested — is -2.3%. Its deepest 1-year drawdown was 4.7%.

FBND key facts

Distribution Safety Score™

96 · Safe

Safety-Adjusted Yield

4.42%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Fixed Income

Inception date

10/06/2014

Expense ratio

0.36%

Distribution rate

4.60%

Distribution frequency

Monthly

Trailing yield

4.88%

Last close

$43.28 (as of 2026-10-02)

AUM

$28,175,507,806

Average volume

7132100.0

Last dividend

$0.166

Last ex-dividend date

09/29/2026

Last payment date

10/01/2026 (as of 2026-10-01)

Beta

0.99

P/E ratio

8.5888

How Dividend Vision calculates yield and returns

Distribution rate (4.60%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.88%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; Index: Actively managed diversified U.S. taxable bond portfolio; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FBND risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.7%.

Who may consider FBND — and who may not

FBND may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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